The following are our selection of bargain properties in the Bodrum area, including bank repossessions. Although Bodrum real estate comes with some premium to other areas, we still have a good number of cheap Bodrum properties that do not compromise on quality and sometimes the sea views.
As one of Turkey’s prime markets, the portfolio of cheap apartments and villas for sale in Bodrum is continually turning over. The peninsula attracts many Turks from large cities who want to tap into the beachside lifestyle. Also, foreign buyers often look to the area as a place for a summer home or year-round residence. Hence, whether you are a budget buyer or want to grab a bargain for potential capital appreciation, you will find what you want.
Types of Bargain Bodrum Properties for Sale
There are three main reasons cheap property comes on the market in Bodrum. The first is resale homes, where the owner is looking for a quick cash sale hence the reduced price. They often sell fully furnished and with many additions like air conditioning.
Second are off-plan apartments and villas that always offer reduced prices before completion. The advantage of this style is that buyers can tailor decor and design to their preferences.
The third is older style housing. These appeal to buyers looking for the traditional whitewash style housing from decades before, and with spare cash to renovate and modernise the home.
With all these property types, another factor influencing prices per square metre is location. Normally the closer a property is to the beachfront or main town, the higher the price will be. So when looking at cheap homes, this is another factor to consider, for daily amnesties like transport links, bars, restaurants and shops.
Where to Buy Cheap Property in Bodrum
The vast Bodrum peninsula comprises many towns and villages. A popular place to buy real estate includes the main town centre. Although it is the heart of the peninsula, it is still possible to find a cheap home with a perfect sea view because of cascading hillsides leading down to the Aegean. Yalikavak also receives much attention to international and Turkish buyers. Although it’s driving reputation is for luxury villas, thanks to the ultra-luxury marina, cheap homes still come up for sale in the old district. Other popular places to buy apartments and villas include rustic Gumusluk and traditional Gundogan.
How to buy cheap Bodrum Real Estate
The process to get your foot on the Turkish property ladder is easy to complete. If all finances are in place, it also takes as little as three weeks from choosing your new home to signing for the title deeds. The first step is to find a home. If you are already in the area, call us or drop by our office near Bodrum marina to speak with a local agent and arrange a viewing time and date.